These are two great charts!
With IPOs like this European venture funds must be performing better, and that will bring more money into the market.
It has taken us a long time to get over the 1999/2000 bubble and build a sustainable ecosystem. It would be nice if we could expect a recognisable moment when we all know that we have achieved critical mass and crossed over into sustainability, but unfortunately things don’t work that way. The best we can hope for is to be able to look back retrospectively and say 20XX was the year when European venture finally came of age.
As the months go by the positive evidence is accumulating and I’m starting to think that 2014 or 2015 may be that year.